Deputy Prime Minister Vuong Dinh Hue (R) and Chairman of the Pacific Century Group Richard Li (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue has proposed FWD Insurance of the Pacific Century Group participate in green financial funds for start-up and innovation projects in Vietnam. He made the recommendation while receiving Chairman of the group Richard Li in Hanoi on November 12. The Deputy PM also asked the FWD to consider investing in green G-bonds and join insurance for renewable energy projects. Li said his group is keen to invest in Government bonds in Vietnam and has selected the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) as its partner due to the bank’s financial strength and good growth. The FWD will focus on investment for Vietnamese start-up firms in the coming time, he affirmed. Deputy PM Hue said the cooperation with Vietcombank - one of the leading commercial banks in Vietnam - will help the … [Read more...] about Deputy PM asks FWD Insurance to invest in start-up projects in Vietnam
U s able life insurance
Representatives of FWD Group and Vietcombank at the a signing ceremony held in Hà Nội on Tuesday. — Photo baodautu.vn HÀ NỘI — Insurer FWD Group confirmed on Tuesday its purchase of Vietcombank-Cardif Life Insurance (VCLI), an unit of Việt Nam’s largest listed lender by market value, Vietcombank. Vietcombank-Cardif Life Insurance is a joint venture between the bank and BNP Paribas Cardif. The transaction is subject to regulatory approvals, FWD and Vietcombank said. During a signing ceremony held in Hà Nội on Tuesday, FWD Group, the insurance arm of Hong Kong billionaire Richard Li’s investment group Pacific Century, also announced the group and Vietcombank had entered into an exclusive 15-year bancassurance partnership. Under the agreement, Vietcombank would distribute FWD’s life insurance products, the bank said, without providing further financial details of the deal. But a source told … [Read more...] about FWD in insurance distribution deal with Vietcombank
She returned to Vietnam in August after Chinese authorities raided and deported undocumented immigrants. More about how she returned later. Cut to the present. In a countryside garment factory in the northern Bac Giang Province, Bien sits beside a bunch of red cloth bags. Around her dozens of other workers are making bags on sewing machines, but not Bien: Her job is to affix the company label on the bags, and she gets less than VND100,000 ($4.32) a day for it. She was given that job after failing to learn sewing despite eight days of training at the factory. "It's too difficult, I can't sew," she says. Bien is one of many Vietnamese trafficking victims rescued from China who returned lost, damaged, with little assurance their life would ever go back to the normal old days. Before being trafficked to China, she had been quite resourceful, working her family's rice field in Dong Lo Commune in Bac Giang while also attending a babysitting class. On October 2, 1991, when she was 23, Bien … [Read more...] about The plight of human trafficking survivors: Back from hell but to what?